Hong Kong stocks gain 0.16% by close

Hong Kong shares closed 0.16 percent higher Friday on the back of better-than-expected Chinese trade and inflation data.

The benchmark Hang Seng Index gained 38.16 points to 23,215.16 on turnover of HK$65.74 billion ($8.48 billion).

Chinese shares closed up 0.57 percent. The benchmark Shanghai Composite Index rose 13.87 points to 2,432.40 on turnover of 99.0 billion yuan ($15.9 billion).

The index rose 0.55 percent for the week and has gained 7.20 percent so far this year.